“It’s fallen off a cliff, and not only has the economy slowed down a lot, people have really changed their behavior like nothing I’ve ever seen,” Buffett said.

The American economy, though, will turn around, he added, and that this in the long run will be seen as an aberration. “Everything will be all right. We do have the greatest economic machine that man has ever created,” he said.

“We started with four million people back in 1790 and look where we’ve come and it wasn’t because we were smarter than other people, it wasn’t because our land was more fertile or we had more minerals or our climate was more favorable.

We had a system that worked. It unleashed the human potential. And we’re far from done. So I think your kids will live better than mine, your grandchildren will live better than your kids. There’s no question about that. But the machine gets bummed up from time to time. And if you take the bulk of those centuries, probably 15 years were bad years, but we go forward.”source:moneycontrol.com

The Flag is one of the very important inspirational and devotional things for the citizens of the country. Every flag shows some very important information for the people. In the word each country has its own flag so it is very simple to identify to any country from its flag. The countries are fighting from the too many years to its enemy for protecting its flag.

So many good people have also died for the flag only so we can easily predict how much important flag is for the country. If you are a good lover of the flag and want to buy the United States flags then you can get the best and very latest flags from the United States flags online.

You can also get the international flags to this site online. Now there are so many kinds of the united states flags are available in this site like Simple United Flags, United states flags Banners, United states flags Stick Flags, United states Car Flags and lots more flags in the flag display cases. Now you can also get the complete kit of the indoor flags with the pole, base, and flags so you don’t need to search more for getting the best and very attractive United States flags in the market place.

The dollar posted its biggest weekly gain versus the euro in more than two months on optimism that the worst of the financial crisis in the US is over.

The Dollar Index, which tracks the greenback against the currencies of six of its biggest trading partners, completed the largest weekly advance since November after Wells Fargo’s profit beat estimates, triggering the steepest one-day gain on record in the Standard & Poor’s 500 Banks Index.

The euro dropped the most against the yen since January on concern that the European Central Bank will cut its benchmark interest rate to below 1 per cent to spur growth.

“Wells Fargo’s results augur well for US banks’ earnings and point to an easing in the financial crisis,” said Masanobu Ishikawa, general manager of foreign exchange at Tokyo Forex & Ueda Harlow, Japan’s largest currency broker. “The dollar is likely to be bought.”

The dollar climbed 2.3 per cent this week to $1.3143 per euro on April 10, the biggest gain since the five days through January 23. It touched $1.3090 yesterday, the strongest level since March 18. The greenback strengthened 1.1 per cent to $1.4672 per pound and advanced 0.6 per cent to 1,333 South Korean won.

The yen appreciated 2.3 per cent to 132.18 per euro, the biggest gain since the week to January 23. It was little changed against the dollar at 100.24 yen from 100.31 on April 3.

The Dollar Index, which the ICE uses to track the greenback against the euro, yen, pound, Canadian dollar, Swiss franc and Swedish krona, gained 1.9 per cent this week to 85.786. Source:business-standard

Incomes such as salary, rent and business income are regular and recurring. However, these do not cover all sources of income.

Income can arise out of the sale of capital assets such as shares and mutual funds. You will have to pay a capital gains tax on the profits made on the sale of shares/ mutual funds.

What is short term capital gain and long term capital gain?
If you sell a share or a mutual fund within one year of buying it, the profit is called short term capital gain. If you sell it after one year, it is long term capital gain. This distinction is necessary because the tax treatment is different for each of these.

Tax laws are usually stricter for short term capital gains because the government wants to encourage you to stay invested in equities and mutual funds for the long term.